Cambridge Cambridge International AS & A Level Economics 9708 · 7.4.1
Social, private and external costs
- Code
- 7.4.1
- In
- 7.4 Private costs and benefits, externalities and social costs and benefits
- Topic
- 7 The price system and the microeconomy (A Level)
- Course
- Cambridge International AS & A Level Economics 9708
- Board
- Cambridge
Grade boundaries·Cambridge command words
Codes and titles are read by a script from Cambridge's published specification and have not been checked by a person. What each point covers is in the specification itself: Cambridge’s specification.
Points in 7.4 Private costs and benefits, externalities and social costs and benefits
- 7.4.1 Social, private and external costs
- 7.4.2 Social, private and external benefits
- 7.4.3 definition of positive externality and negative externality
- 7.4.4 positive and negative externalities of both consumption and production
- 7.4.5 deadweight welfare losses arising from positive and negative externalities
- 7.4.6 asymmetric information and moral hazard
- 7.4.7 Cost-benefit analysis